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Fines, Withdrawals, Job Cuts. It Was an Ugly Day for Global Banks
Even before the opening bell in New York, Thursday looked like a grim day for some of the giants of global banking. But few expected the barrage of bad news that soon hit on both sides of the Atlantic -- a rat-a-tat-tat of job cuts, scandal and ...
To Disclose or Not to Disclose? Wells Fargo Woes Shine Light on a Knotty Problem  Wall Street Journal
Wells Fargo fined $4 mln for illegally repossessing servicemembers' cars  MarketWatch  
In OPEC Hotel, Dealmaker's Bold Gambit Wins Saudi-Iran Agreement
Noureddine Boutarfa, the Algerian oil minister who hosted this week's OPEC meeting, resorted to one of the oldest tricks in the dealmaker's book: He put his fellow ministers in the same hotel in the middle of nowhere.
Asia stocks slip as Deutsche sours mood, oil gains on OPEC pact  Reuters
Economics Drove Saudi OPEC Move  Wall Street Journal
Hoboken train crash: 1 dead, more than 100 injured
New York (CNN) A New Jersey Transit train plowed into a major station in Hoboken during Thursday morning's rush-hour commute, killing at least one person and injuring more than 100 others, officials said.
Train crashes into NJ station, killing one person and injuring 114  Washington Post
Why New Jersey's Trains Aren't Safer  New York Times
NXP Semiconductors explores sale to Qualcomm: sources
A Qualcomm company bus used to transport employees among its many buildings is shown in San Diego, California November 3, 2015. REUTERS/Mike Blake.
NXP Can Help Qualcomm Shift Its Gears  Wall Street Journal
Qualcomm Is Said to Be in Talks to Buy NXP Semiconductors  New York Times
Redstones call for Viacom-CBS merger
The Redstone family, which owns a majority of Viacom and CBS Corp.'s voting stocks, called Thursday for a merger of the two media giants, a move to ensure its control and generate savings and efficiency amid heightened competition for viewers and ...
How a Merger of Viacom and CBS Might Make Sense  New York Times
CBS-Viacom Merger Analyst: "Wall Street Wants Brad Grey's Head"  Hollywood Reporter
FCC Postpones Vote on TV Set-Top Box Plan
Federal regulators Thursday delayed a vote on a proposal to overhaul the market for TV set-top boxes, dealing a setback to Federal Communications Commission Chairman Tom Wheeler on one of his top priorities for the year.
FCC delays vote on much-disputed rules on cable boxes  Washington Post
FCC pulls vote on contentious box plan in final minutes  The Hill
GDP 2Q growth rises 1.4 percent in final reading vs. 1.2 percent estimate
The U.S. economy grew at a modestly faster pace in the second quarter than previously estimated, but the latest data confirms the expansion decelerated in the first half of the year.
US economy less sluggish in second quarter; companies investing more  Reuters
What If We're Too Optimistic About Third-Quarter GDP?  Wall Street Journal (blog)
Costco Earnings Get Boost From Switch to Visa
Costco Wholesale Corp. COST -1.29 % 's June switch to Visa Inc. V -1.27 % is paying off. The warehouse club chain reported higher quarterly profit Thursday boosted by lower credit card fees and other terms from its new deal to accept Visa-brand cards, ...
Costco narrowly tops profit estimates  The Seattle Times
Costco Ekes Out Earnings Growth, Expects Further Expansion
Nissan boss warns on UK investment
The boss of Nissan has warned that Brexit uncertainty and possible tariffs could damage investment in the UK's biggest car factory.
Nissan May Ask U.K. to Cover Brexit-Related Losses, Ghosn Says  Bloomberg
Nissan Seeks Brexit Trade Assurances Before New UK Investment  Wall Street Journal
Elliott takes 8.1 percent stake in Mentor Graphics
Activist hedge fund Elliott Management said it bought 8.1 percent stake in Mentor Graphics Corp (MENT.O), calling on the company to increase shareholder value and pursue "strategic opportunities.
Elliott Discloses 8.1% Activist Stake in Mentor Graphics  Bloomberg
Elliott Doubles Stake in Mentor Graphics Corp.  Wall Street Journal